Feb 2017 AICPIN at 274 will make DA from July 2017 to stick on 2% Hike

The Labour Bureau has Released AICPIN for the Month of Febraury 2017. According to its release, The All-India CPI-IW for February remained stationary at 274. We have already posted an article titled Expect same hike in Expected DA from July 2017  [Click here to See ].

Feb 2017 AICPIN at 274 will make DA from July 2017 to stick on 2% Hike

Now the  AICPIN for the Month of February 2017 also endorses that Article on Dearness Allowance expected from July 2017. If the CPI Numbers for Industrial Workers  remain stationary at 274 for the remaining 4 months, the DA hike from July has fair chances to stick on with 2% hike. So the Total DA will be 6% from 1.7.2017 with 2% hike

AICPIN for the Month of February 2017

No. 5/1/2017- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT’, SHIMLA-171004
DATED: 31st March, 2017

Press Release

Consumer Price Index for Industrial Workers (CPI-IW) -February, 2017

The All-India CPI-IW for February, 2017 remained stationary at 274 (two hundred and seventy four). On 1-month percentage change, it remained static between January, 2017 and February, 2017, when compared with the decrease of 0.74 per cent between the same two months a year ago.

The maximum downward pressure to the change in current index came from Food group contributing (-) 0.46 percentage points to the total change. At item level, Rice, Wheat, Arhar Dal, Black Gram, Gram Dal, Urd Dal, Masur Dal, Moong Dal, Besan, Groundnut Oil, Mustard Oil, Eggs (Hen), Garlic, Potato, Cabbage, etc. are responsible for the decrease in index. However, this decrease was checked by Coconut Oil, Fish Fresh, Milk, Tomato, Lady’s Finger, French Beans, Coconut, Banana, Apple, Sugar, Tea (Readymade), Cooking Gas, Medicine (Allopathic), Tailoring Charges, etc., putting upward pressure on the index….[Click here to View the Full Press Note]